Michigan Is Investigating the Use
Of Credit Records in Rate-Setting

Insurance companies already are under fire for using information from consumers' credit records to set rates. Now some wonder whether those practices violate federal credit-reporting laws.

Michigan Attorney General Jennifer Granholm says her office is investigating whether at least two insurers violated the Fair Credit Reporting Act when they used credit-based insurance scores, which are calculated from personal information in credit reports, to determine rates and coverage. Under the act, consumers harmed by the use of...